LANSING - The Michigan Economic Development Corporation announced that MAHLE Industries, an automotive and engine component manufacturers, is investing $11 million to expand its technical headquarters in Farmington Hills. It is expected that by early 2013 there will be over 350 employees there. ?MAHLE is an important player in our automotive supply chain with roughly
SAN FRANCISCO - Francisco Partners Wednesday announced the pending acquisition of Plex Systems from a group of shareholders, including Apax Partners. Auburn Hills-based Plex provides cloud ERP software for manufacturers. Plex Systems? flagship product, Plex Online, is a ?shop floor to top floor? solution providing deep functionality for virtually every department within quality-driven manufacturers. The
SAGINAW - Morley Companies has acquired the AT&T office complex at 4075 Bay Road in Saginaw Township and plans to hire more than 150 new associates. The 229,000-square foot, Fortune 100 complex sits on 12.5 acres at the corner of Bay and McCarty roads, just blocks from Morley?s existing 200,000-square-foot headquarters at One Morley Plaza,
WASHINGTON, D.C. - The State Medical Technology Alliance, a network of state and regional associations of medical device manufacturers, and MichBio are urging Congress to repeal the medical device tax. Repealing the $30 billion medical device tax will protect and create high‐wage American jobs, encourage investment in medical technology, and maintain our global competitive leadership.
NEW YORK - Forty-three percent of small business owners consider business conditions to be positive, according to the latest Citibank small business survey released Wednesday, nearly double the number since 2010. One-third (33 percent) of respondents said their own business is better than it was a year ago ? up from 26 percent in January.
DETROIT - DTE Energy announced Monday a new program, the DTE "E" Challenge for Innovation in Energy Efficiency, which awards up to $250,000 commercial and light industrial customers that create energy efficient improvements. DTE Energy is looking for innovators with an outstanding energy efficiency product that will have a huge impact on energy savings and
LANSING - Officials in the administration of Governor Rick Snyder said they had nothing to say about a report the governor may designate the Michigan Strategic Fund as the agency to coordinate with Canada on development of a new bridge between Detroit and Windsor, Ontario. According to the report in Crain's Detroit Business, the Strategic
WASHINGTON D.C. - Democratic and Republican government officials warned that a United Nations summit in December will lead to a virtual takeover of the Internet if proposals from China, Russia, Iran, and Saudi Arabia are adopted. It was a rare point of bipartisan agreement during an election year: a proposal that Russian Prime Minister Vladimir
MACKINAC ISLAND - The Michigan Economic Development Corporation at the Mackinac Policy Conference this week announced five new initiatives under the Pure Michigan Business Connect umbrella that will further help Michigan businesses grow and improve the state?s economy. ?These additions to Pure Michigan Business Connect significantly expand our economic gardening toolkit to grow our state?s
MACKINAC ISLAND ? A billion-dollar investment will be made in a 300-acre site in downtown Detroit that includes 140 jobs, retail and residential space. The announcement came at the Detroit Regional Chamber's Mackinac Policy Conference. The development will be led by a distribution center for the medical supply company Cardinal Health that will provide medical